DOKTER PETER VERBEEK: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DOKTER PETER VERBEEK
Largest movements
- Receivables within one year +€125,022
up €125,022 (+217%), from €57,674 to €182,696
of which Other amounts receivable: +€127,163
- Cash -€115,526
down €115,526 (-39.6%), from €291,925 to €176,399
mainly Receivables within one year (-€125,022) and Other debts (-€104,277)
- Tangible fixed assets +€6,666
up €6,666 (+12.2%), from €54,670 to €61,336
of which Plant, machinery and equipment: +€4,464
- Reserves +€139,698
up €139,698 (+76.5%), from €182,614 to €322,312
- Other debts -€104,277
down €104,277 (-63.0%), from €165,545 to €61,268
- Trade debts -€16,071
down €16,071 (-67.4%), from €23,854 to €7,783
- Financial charges -€122,411
down €122,411 (-99.2%), from €123,419 to €1,008
- Taxes +€40,090
up €40,090 (+82.7%), from €48,459 to €88,549
- Staff costs +€13,271
up €13,271 (+41.2%), from €32,232 to €45,503
- Gross operating margin +€9,386
up €9,386 (+3.1%), from €300,997 to €310,383
- Financial income +€4,011
up €4,011 (+424%), from €946 to €4,957
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €404,269 | €420,431 | +€16,162 | +4.0% |
| Fixed assets | 21/28 | €54,670 | €61,336 | +€6,666 | +12.2% |
| Tangible fixed assets | 22/27 | €54,670 | €61,336 | +€6,666 | +12.2% |
| Land and buildings | 22 | €20,538 | €20,067 | -€471 | -2.3% |
| Plant, machinery and equipment | 23 | €1,645 | €6,109 | +€4,464 | +271% |
| Furniture and vehicles | 24 | €3,300 | €3,736 | +€435 | +13.2% |
| Other tangible fixed assets | 26 | €29,188 | €31,425 | +€2,237 | +7.7% |
| Current assets | 29/58 | €349,599 | €359,095 | +€9,496 | +2.7% |
| Amounts receivable within one year | 40/41 | €57,674 | €182,696 | +€125,022 | +217% |
| Trade receivables | 40 | €2,172 | €32 | -€2,140 | -98.5% |
| Other amounts receivable | 41 | €55,501 | €182,664 | +€127,163 | +229% |
| Cash at bank and in hand | 54/58 | €291,925 | €176,399 | -€115,526 | -39.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €404,269 | €420,431 | +€16,162 | +4.0% |
| Equity | 10/15 | €201,214 | €340,912 | +€139,698 | +69.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,614 | €322,312 | +€139,698 | +76.5% |
| Distributable reserves | 133 | €182,614 | €322,312 | +€139,698 | +76.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €203,055 | €79,519 | -€123,535 | -60.8% |
| Amounts payable within one year | 42/48 | €203,055 | €79,519 | -€123,535 | -60.8% |
| Trade debts | 44 | €23,854 | €7,783 | -€16,071 | -67.4% |
| Suppliers | 440/4 | €23,854 | €7,783 | -€16,071 | -67.4% |
| Taxes, remuneration and social security | 45 | €13,655 | €10,468 | -€3,187 | -23.3% |
| Taxes | 450/3 | €9,645 | €173 | -€9,473 | -98.2% |
| Remuneration and social security | 454/9 | €4,010 | €10,296 | +€6,286 | +157% |
| Other amounts payable | 47/48 | €165,545 | €61,268 | -€104,277 | -63.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €32,232 | €45,503 | +€13,271 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,504 | €4,134 | +€1,630 | +65.1% |
| Other operating charges | 640/8 | €1,501 | €2,970 | +€1,469 | +97.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €300,997 | €310,383 | +€9,386 | +3.1% |
| Operating profit (loss) | 9901 | €264,760 | €257,776 | -€6,984 | -2.6% |
| Financial income | 75/76B | €946 | €4,957 | +€4,011 | +424% |
| Recurring financial income | 75 | €946 | €4,957 | +€4,011 | +424% |
| Financial charges | 65/66B | €123,419 | €1,008 | -€122,411 | -99.2% |
| Recurring financial charges | 65 | €123,419 | €1,008 | -€122,411 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €142,286 | €261,725 | +€119,438 | +83.9% |
| Income taxes | 67/77 | €48,459 | €88,549 | +€40,090 | +82.7% |
| Profit (loss) for the period | 9904 | €93,827 | €173,175 | +€79,348 | +84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €93,827 | €173,175 | +€79,348 | +84.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.